Portfolio News

Covington Group of Funds Investee PlateSpin Ltd. To Be Acquired for USD$205 Million

February 26, 2008

Covington Group of Funds (“Covington”) is pleased to announce that Novell, Inc. has entered into a definitive agreement to acquire Covington investee PlateSpin Ltd. (the “Company”) for USD$205 million (all cash transaction). The acquisition was announced by Novell on Monday February 25, 2008 and is expected to close in Novell’s second fiscal quarter of 2008, subject to the satisfaction of closing conditions.

Covington Portfolio Holding Acquired

December 15, 2008

Covington Group of Funds (“Covington”) is pleased to announce that Davis + Henderson Income Fund’s (TSX: DHF.UN) Filogix Segment. (“Filogix”) has entered into a definitive agreement to acquire Covington portfolio holding Cyence International Inc. (“Cyence”/ the “Company”). The acquisition is expected to close at the end of December 2008; subject to the satisfaction of closing conditions. This acquisition also represents the second successful Covington portfolio exit in 2008.

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